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Average Family Income Up 5 Percent in 1964 (Advance data from March 1965 sample survey)

Report Number P60-44
Component ID: #ti1896559619

The median income of families in the United States was $6,600 in 1964, according to estimates released today by the Bureau of the Census, Department of Commerce. This was about $320, or 5 percent, higher than in 1963. The gain in real purchasing power between 1963 and 1964 was approximately 4 percent, since prices also rose during this period.1

An estimated 8.4 million families, or 18 percent of the 47.8 million families in the Nation, received money incomes under $3,000 in 1964. The number of families in this income range declined by approximately 450,000 from the previous year. Another 8.1 million, or 17 percent, received incomes between $3,000 and $5,000 last year; approximately 9.4 million, or 20 percent, had incomes between $5,000 and $7,000; and 11.1 million, or 23 percent, had incomes between $7,000 and $10,000. The remaining 10.8 million families, or 22 percent, received incomes of $10,000 or more.

For men, last year's median income advanced to $4,600, up 3 percent, from the preceding year. The median income of women in 1964 was $1,400, a gain of about $80 over the 1963 median.

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1 See Monthly Labor Review, February 1965, Vol. 88, No. 2, table D-1, p. 242.

Component ID: #ti702095047

A Note on Language

Census statistics date back to 1790 and reflect the growth and change of the United States. Past census reports contain some terms that today’s readers may consider obsolete and inappropriate. As part of our goal to be open and transparent with the public, we are improving access to all Census Bureau original publications and statistics, which serve as a guide to the nation's history.

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